Regina P. Brown, e-Pro Realtor®

My favorite client "Kenton", a young college grad and shopping for a first-time buyer home, and I were discussing types of mortage loans.

I advised him to steer clear of the "Pick a Payment" types of mortage loans. What's a Pick-a- Payment??? That's one of those real estate "insider" industry terms.

Well, I explained, Countrywide and other mortgage lenders offer some loans in which the borrower can select their payment every month, and choose between:

• Full payment of principal + interest, which is fully amortized and will be paid off in 30 years.
• Full payment of principal + interest + extra principal, to pay off in less than 30 years.
• Payment of interest only, which does NOT pay down the principal balance at all.
• Partial interest payment, which accrues Negative Amortization.

Those last payments are called "Neg Am" loans, I explained. Another industry term, I realized!

Excuse me, but what's a NEG AM loan?

That's when you, the borrower are ADDING to the principal balance of your mortgage loan, rather than paying it down.

For example, I explained, the interest rate on your loan is 5%. But the lender allows you to pay only a 1% rate (often called a "teaser rate"). Although it seems great because your payment is low, the 4% interest that you are NOT paying is still being charged to your loan -- it's silently increasing your loan balance every month.

Isn't that bad? Kenton asked.

YES that's why I advise my clients NOT to get NEG AM loans with low "teaser" interest rates, I explained.

Why in the world would anyone get a neg am loan, he asked, puzzled...

MANY homeowners in California borrowed loans like these a few years ago. They were only meant as short-term loans. Quick fixes. When they thought the real estate market would keep going up and up... and they didn't think about the future. Or the long-term effects of their loan.

And neither did the mortgage lenders!

So hundreds of thousands of these loans are now (or will soon be) in default... which means more foreclosures flooding the market... and the economy will continue its downward spiral...

Buying a house? Questions about what type of loan is best for you and your family? Call a trusted, reliable mortgage broker in your local area.

And remember to plan for the LONG TERM.

Regina P. Brown
Broker, Realtor®, e-Pro
Author of eBook "Stop Foreclosure Fast: Solutions to Save your House"
Author of forthcoming book, "Virtual Office Guide for Business Professionals: Work & Profit from Home"
Join & post to my NEW ActiveRain group at http://activerain.com/groups/virtualoffice

	Enjoy my NEW Books:

Text copyright © 2009 R.P. Brown, All Rights Reserved

My Realtor® friend called to tell me some great news. She shared that she just passed her Broker's license a few months ago, and now will be opening her own real estate office!

But, she said, there was a problem with her career. She was depending on her real estate investments as her retirement. Slowly, over the past few years, she has been buying real estate, tucking away her earnings as big downpayments on rental homes.

Well, we all know what happened to the real estate market these past 2 years. And real estate investors are feeling the pinch too. With her income taking a dive -- earning only 1/3 of previous years' incomes -- she had to sell one of her rentals to pay her bills with the equity. And with the ARM mortgage payments skyrocketing, and property values decreasing, she had to sell several properties with short sales and was trying to avoid foreclosure on 2 more.

"This was my retirement income," she lamented. "I don't know what I'm going to do now. I'm going to have to think of something else to fund my retirement."

Several weeks later, I found "something else" and shared it with her. It was the day I met Carolyn Kindley-Single, the innovative visionary entrepreneur who founded MyGreenParachute.

What is it?

My Green Parachute is a system that takes real estate client referrals to a whole new level. Retired and inactive real estate agents pair up with an active Realtor® member, and send their "book of business" to their active real estate agent partner.

With over 120,000 inactive real estate licensees just in the state of CA, wouldn't you like to have them referring business to you? You can, if you're a My Green Parachute member!

And after you retire from your real estate sales career, wouldn't you love to continue getting compensation? You can just by referring your home buyers and sellers to a MyGreenParachute agent!

But don't take my word for it! Just listen to what your fellow Realtors® are saying:

• "It's just an idea that is way past due!"
• "This concept is great, it teaches, it coaches, and it mentors."
• "I was especially pleased to hear your belief in servant leadership, as that is something I truly believe in."
• "Adding the benefits of MyGreenParachute.com to my team gives us other options to benefit everyone regardless of market conditions."
• "Awesome concept, why didn't I think of it? Really, really great."
• "Brilliant, WOW. Standing ovation to you, this is something I very much want to be a part of."
• "You have taken the referral process to a whole new level!"
• "Nothing is better than personal referral. The structure is great, and the people at MGP are wonderful, professional and thorough,"

And more experiences, here:

http://www.joinmgp.com/index.php?option=com_content&view=article&id=5&Itemid=30

Want more verification? Just call www.MyGreenParchute.com and speak to Carolyn. She's one of the few CEOs who is accessible and responsive and caring. She's highly respected as an industry leader and is building her company on a solid foundation.

What more could a Realtor® ask for?

What about FREE membership?

And it's ONLY for YOU, the ActiveRain member!!! For a limited time, read this blog and follow the instruction for NO-COST sign up:

http://activerain.com/blogsview/1104087/sign-up-free-get-referrals-through-mygreen-parachute-membership

ENJOY! And start building your "Outlet for Retiring" now!

Regina P. Brown
Broker, Realtor®, e-Pro
Author of eBook "Stop Foreclosure Fast: Solutions to Save your House"
Author of forthcoming book, "Virtual Office Guide for Business Professionals: Work & Profit from Home"
Join & post to my NEW ActiveRain group at http://activerain.com/groups/virtualoffice

	Enjoy my NEW Books:

Text copyright © 2009 R.P. Brown, All Rights Reserved

Realtors® and Real Estate Agents:

Would you like to become a member of the My Green Parachute referral system? It's a special referral program that allows retired real estate agents to refer their past clients to active real estate agents, like you! Once you join, our retired agent members can contact you directly from our membership roster.

FOR A LIMITED TIME, it's free to sign up! The $100 initial enrollment fee will be deferred until you receive your first compensation!

Click here for more info:

http://www.joinmgp.com/index.php?option=com_content&view=article&id=129&Itemid=31 It's easy to sign up:

1. Scroll down and enter your name & contact info
2. Then select "Active Field Agent"
3. In the "message" field, type in this code: RPB4AR
4. Click "Submit"

Next go back to this page & sign up for our newsletter on the right side. Select "Active Field Agent". Enter your name & email and click "subscribe". Then mark your calendar for an upcoming webinar:

• Active Field Agent Webinars take place every
• Wednesday at 2:00 pm (ET) / 11:00 am (PT)
• Thursday at 2:00 pm (EST) / 11:00 am (PT)
• Friday at 10:00 am (EST)/ 7:00 am (PT)

And that's it! See how easy it is? You receive your account log-in info at the webinar.

BONUS: Do you have a friend or colleague you'd like to recommend? Refer him or her here: https://www.mygreenparachute.com/contact-us/refer-agent.cfm

Questions? Just send me an email.... rpbrown @ Realtor.com

To find out more about this trustworthy company and why I believe in MyGreenParachute, please see my blog about Real Estate Agent exit strategies: http://activerain.com/blogsview/1039528/what-s-your-exit-strategy-do-you-have-a-green-parachute-for-a-great-landing-

THANKS!

Regina P. Brown
Broker, Realtor®, e-Pro
Author of eBook "Stop Foreclosure Fast: Solutions to Save your House"
Author of forthcoming book, "Virtual Office Guide for Business Professionals: Work & Profit from Home"
Join & post to my NEW ActiveRain group at http://activerain.com/groups/virtualoffice

	Enjoy my NEW Books:

Text copyright © 2009 R.P. Brown, All Rights Reserved

I listened to a real estate investment webinar on TUES night, it had so many great tips that I sent some emails to my friends for THR's webinar... and it was such a popular topic that some of my friends were turned away, the webinar was OVER capacity!

So they added 1 more webinar date: THIS SUNDAY NIGHT

The webinar is FREE and it shows how to capitalize on today's real estate Short Sales. I listened in and learned a LOT of great techniques and tips to profit MORE on transactions. It's geared to real estate investors but Realtors® and mortgage lenders can learn some tips too. I'm already putting a couple of the steps into use right now! Just enter your contact info and the hosts (Randle & Dutch) will send you a link to log on at 6pm tonight. Hope you can make it!

REGISTER HERE:

https://nss.infusionsoft.com/go/ssay07jun/rpbrown/

MARK YOUR CALENDARS:

• Sunday, June 7th
• Sunday 6pm PT / 9pm ET

Funny, I just got an unusual email from Randle Bowling today:

It just doesn't make sense but people are still registering for last night's webinar! The demand is insane, our operators have put in 3 nights that have gone until 3am. I'll tell you what a successful launch is - the late night barista at the local starbucks knows you by first name because of all the coffee runs...

I got up this morning and found another 50 people signed up for the webinar, and more have come in since! My business partner Greg double checked it, they are legit registrations...

So because it was a packed house last night, again, and we killed it, again, I talked with my good friend Jason Gilbert and he is willing to open up his private webinar this Sunday. Register now so you don't get locked out!

This is it, the no joke, bottom line, drop dead last one. I gave my operators the day off so they can play Sunday but I don't care who registers on Monday, we're closing doors on Sunday night.

So please sign on to the webinar EARLY before it fills up. Please let me know how you like Randle's webinar! They do offer a great program that you can sign up for at the end of the webinar, but you don't have to (it's optional). In either case, it's worth listening to the webinar... you may learn something like I did!

ENJOY!

Regina P. Brown
Broker, Realtor®, e-Pro
Author of eBook "Stop Foreclosure Fast: Solutions to Save your House"
Author of forthcoming book, "Virtual Office Guide for Business Professionals: Work & Profit from Home"
Join & post to my NEW ActiveRain group at http://activerain.com/groups/virtualoffice

	Enjoy my NEW Books:

Text copyright © 2009 R.P. Brown, All Rights Reserved

ANSWER: After it starts going back up!

Regina P. Brown
Broker, Realtor®, e-Pro
Author of eBook "Stop Foreclosure Fast: Solutions to Save your House"
Author of forthcoming book, "Virtual Office Guide for Business Professionals: Work & Profit from Home"
Join & post to my NEW ActiveRain group at http://activerain.com/groups/virtualoffice

	Enjoy my NEW Books:

Text copyright © 2009 R.P. Brown, All Rights Reserved